• TSLA is still dropping, and although it is in a support area, there’s no bullish reaction confirming a bottom sign yet;
• The key support is the $187, which is the baseline of a this congestion, and if TSLA loses it, we might see a bearish reversal structure;
• What’s more, the $187 could be the neckline of a Head & Shoulders chart pattern;
• If TSLA turns...
• TSLA did a Bearish Engulfing candlestick pattern yesterday, and it is back to its 21 ema area;
• If TSLA loses this 21 ema, it could seek the next support at $187 again;
• TSLA is still in a congestion, and only a breakout of the $187 would reverse the bullish sentiment;
• On the other hand, it has to break the previous resistance at $214 in order to trigger...
• TSLA corrected last week, but it seems it just dropped to hit its support at $187, and now, it wants to bounce again;
• Last Friday, TSLA confirmed a bottom sign, as it broke the 21 ema again (which worked as a resistance last Thursday), it broke Thursday’s high, and it filled the previous gap at $198.52 (making it an Exhaustion Gap);
• All these bottom signs...
- Gold is trading in a bullish rectangle pattern, since the previous trend before the current 2 year trading range was upwards.
- Closing above $2075 starts painting a picture of price likely headed towards $2500.
- Closing below $1685 and then the $1620 ish area starts to get bearish towards $1300.
I am personally long the gold sector.
- The fundamental...
• AMZN is in a congestion, as seen in the 1h chart, trading between the black lines as shown above, while the 21 ema is completely flat;
• As long as AMZN remains inside this congestion, hardly we would see something new, however, any breakout could be interesting;
• By losing the support around $90s, AMZN has a target at the gap (red line at $86.82);
• On the...
• The index is trading inside a short-term congestion in the 1h chart. Although this indicates weakness, it is not a bearish sign;
• Since our previous analysis, the index lost its previous support, however, it couldn’t drop to the 3,900 area again, which reinforces the idea that it is just weak, not necessarily bearish;
• Now, the 21 ema is flat, and the SPX is...
• Tech stocks are having a hard time recently, as QQQ is still in a short-term congestion between the previous resistance at $284.45 (Oct 5, 6, 25 and 26 top area) and the first retracement, the 38.2% around $273;
• In addition, the 21 ema is flat now, indicating a lack of definition;
• Only if QQQ loses the 38.2% retracement it’ll resume the bear trend and seek...
• Since our last analysis, AMC has been just doing some range trading, trading above our support at $6.80, but below the 21 ema (the link to my last analysis is below this post);
• It seems we have another resistance to work with, the $7.89 (Sep 07 low, yesterday’s high). Along with the 21 ema, this creates a dual-resistance price area;
• AMC will only engage in a...
• NFLX is trading inside a range between $213 - $ 251;
• The 21 ema is flat, another indicator that the mid-term trend is neutral;
• Since it is a congestion, NFLX is a buy when it is near $213, and a sell when it is near $251;
• The price action is uncertain, and NFLX would need to do a real breakout either to the upside or to the downside so we can work with new...
Hello traders and investors! Let’s see how the SPX is doing today!
In the 1h chart, the index is still inside a range between 4,168 and 4,073, the 21 ema is flat, and its movements have been erratic in the short-term.
This is just a consequence of this congestion, and it must either lose the 4,073 to reverse the trend, or break the 4,168 in order to resume the...
This chart shows the next two major congestion bands on the Q's.
More than likely one of them will stop the fall. But which one? About 20% or 30%?
Hard to tell from the chart and possibly the FED's actions will ultimately control this.
But Powell is no Volker...About 1982 Volker raised rates until the Long Bond yielded about 18%.
That put quietus to stocks and...
Description
TWTR has broken out of a Symmetrical Triangle consolidation pattern following the previous breakout of the large broadening pattern circled in yellow and breaking down its major trendline (3pt up-slanting blue line).
Symmetrical Triangles are a congestion pattern representing indecision and typically forming in an already established trend before a...
Hello traders and investors! Let’s see how AMD is doing today! It has been a while since I analyzed it, so we have a lot to update. This is going to be a Multi-Time Frame Analysis (MTFA) and we’ll study the 1h, D and W charts.
First, in the 1h chart, we see that the short-term trend is clearly bullish, the only problem is the resistance at $ 106 , which worked...
Hello traders and investors! Let’s see how NVDA is doing today!
Technically speaking, the purple line at $ 224 is a key point for us , and if NVDA defeats this price level, it’ll turn bullish, at least for a short period of time, and we’ll seek the ATH.
Keep in mind that NVDA is in a congestion , moving sideways, and not doing anything meaningful. However,...
